Barnes & Noble, Inc.’s (NYSE: BKS), Chairman Leonard Riggio today announced the sale of a portion of his holdings of Barnes & Noble stock. Mr. Riggio said he sold 3.7 million shares of Common Stock, after which his holdings are expected to represent approximately 20 percent of Barnes & Noble’s Common Stock outstanding.
“After this sale I remain the Company’s largest shareholder, a position I feel very good about,” said Leonard Riggio, Chairman of Barnes & Noble, Inc. “I love this company and I believe in its future as I do in all of the wonderful people who work here.”
Mr. Riggio added that his sale is part of his long-term financial and estate planning and that he has no plans to sell more stock this calendar year.
About Barnes & Noble, Inc.
Barnes & Noble, Inc. (NYSE:BKS) is a Fortune 500 company and the leading retailer of content, digital media and educational products. The company operates 663 Barnes & Noble bookstores in 50 states, and one of the Web’s largest e-commerce sites, BN.com (www.bn.com). Its NOOK Media LLC subsidiary is a leader in the emerging digital reading and digital education markets. The NOOK digital business offers award-winning NOOK® products and an expansive collection of digital reading and entertainment content through the NOOK Store™ (www.nook.com), while Barnes & Noble College Booksellers, LLC operates 696 bookstores serving over 4.6 million students and faculty members at colleges and universities across the United States. Barnes & Noble is proud to be named a J.D. Power and Associates 2012 Customer Service Champion and is only one of 50 U.S. companies so named. Barnes & Noble.com is ranked the number one online retailer in customer satisfaction in the book, music and video category and a Top 10 online retailer overall in customer satisfaction according to ForeSee E-Retail Satisfaction Index (Spring Top 100 Edition).
General information on Barnes & Noble, Inc. can be obtained via the Internet by visiting the company’s corporate website: www.barnesandnobleinc.com.
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